Personal consumption loans refer to personal loans issued by banks to borrowers who apply for purchasing "reasonably used consumer goods or services". It is a secured loan issued by banks to borrowers for designated consumption purposes. Uses include house decoration, purchase of various kinds of large durable consumer goods, travel, study and other personal consumption, and may not be used in high-risk areas such as house purchase and stock trading.
Supervision of Personal Consumption Loans in Guangdong and Beijing
Personal consumption loans in some areas and financial institutions in Guangdong Province have grown rapidly, among which personal consumption loans with large amount and long term do not match the daily consumption attributes, and there is a risk of illegal inflow into the real estate sector. Next, we must strictly plan consumer loans.
In the future, we should standardize the use and management of personal consumption loans. The notice pointed out that commercial banks must strictly examine the authenticity of transactions before lending, and it is strictly forbidden for personal consumption loan funds to be used for production and operation, investment, payment of down payment for house purchase, repayment of down payment loans, etc. In addition, it is necessary to establish a monthly monitoring mechanism for personal consumption loan business.
Beijing Banking Regulatory Bureau clearly mentioned in the Notice on Risk Warning in the Field of Personal Comprehensive Consumer Loans issued on April 28 that it was found that individual banks' personal consumer loans were not prudent enough, and the loan amount was large and the term was long, which obviously did not match the daily consumption attributes; Problems such as dereliction of duty in loan investigation, lax examination and approval, ineffective post-loan management, and lax employee behavior management have caused loans to be misappropriated for stock market investment, house purchase, production and operation. The notice requires that personal consumption loans should not be used in non-consumption areas such as house purchase and investment.
Consumer loans were once regarded as a variant of "quasi-mortgage"
"The upper limit of personal consumption loan is 6.5438+0 million yuan, and the term does not exceed 654.38+00 years." In view of the recent irregularities such as individual brokers helping buyers to withdraw funds as down payment for house purchases by handling "consumer loans", "business loans", "personal credit loans" and "house mortgage loans", self-inspection was carried out to cut off the irregular channels of funds for house buyers.
Before this provision, the practice of using consumer loans to make up the house payment has long been an unspoken rule in the industry. "The purchase price is not enough, and the consumer loan is enough" has become an open secret in the second-hand housing market in recent years. According to the survey, this gray interest chain of consumer loans flowing into the property market involves a wide range. First, the real estate agent will match the bridge, and then the guarantee company will submit the formalities to the bank, and the decoration, jewelry, mahogany and other companies will help "whitewash" the loan. Of course, this process is also inseparable from the covert assistance of some commercial banks.
In some banks, personal consumption loans can also buy shops and office buildings, but the door of serviced apartments has been closed. Agricultural Bank of China said that personal consumption loans can now buy shops, and the interest rate will rise by 10%, but the purchase of commercial hotel-style apartments will be suspended. The business department of China Merchants Bank also said that at present, the down payment of shops and office buildings is 50%, the interest rate is up by 20%, and the longest loan period is only 10 year. However, for serviced apartments with 40-year-old commercial properties, no matter the size, no orders are accepted at present.
Personal consumption loans can't be used to buy a house, and they are listed as targets to be killed.
Since the beginning of this year, all kinds of funds have illegally flowed into the real estate market, which is still the focus of the regulatory authorities.
In May, the China Banking Regulatory Commission issued a notice to carry out the work of "consolidating the results of chaos control and promoting compliance construction", clearly listing all kinds of illegal acts related to real estate industry policies, including direct or disguised use of off-balance sheet funds for land transfer financing; Failing to strictly examine the qualifications of real estate development enterprises and illegally providing financing for real estate development projects with incomplete "four certificates"; Personal comprehensive consumer loans, commercial loans, credit card overdrafts and other funds were diverted to purchase houses.
On September 1 1, official website, China Banking and Insurance Regulatory Commission, China, showed that Bank of Beijing was ordered by the Beijing Banking Insurance Regulatory Bureau to make corrections and was given an administrative penalty of 165438+ 10,000 yuan because personal consumption loans were diverted to pay down payment for house purchase or equity investment, personal commercial housing loans violated the real estate control policy, and inter-bank investment illegally issued land reserve loans through trust channels.
To sum up, more cities across the country will introduce similar policies. The answer to the question of whether personal consumption loans can be used to buy houses is that personal consumption loans can only be used for small short-term circulating personal consumption loans, but not for long-term large-scale housing purchases and other needs. This is mainly to ensure the safety of bank loan recovery and reduce risks. At the same time, the personal consumption loan interest rate is generally higher than the long-term loan interest rate for house purchase. Therefore, there is no need for individuals to choose personal consumption loans to buy a house.